INSURANCE

Australian regulator of banks, insurers and pensions, the Australian Prudential Regulation Authority (APRA), has highlighted the viability of insurance-linked securities (ILS) and catastrophe bonds as reinsurance alternatives, saying it recognises their benefits and permits them under the calculation of insurance concentration risk charges.The APRA has given a positive signal to the Australian insurance market that … Read more

There has been another significant increase to the insurance and reinsurance industry loss estimate for this year’s severe flooding that affected the Auckland region of the North Island of New Zealand from data aggregator PERILS, with the total rising 18% to almost NZ $2 billion.In the latest update, PERILS said that the NZ $1.995 billion … Read more

At the end of the second-quarter of 2023, assets under management at Nephila Capital, one of the largest insurance-linked securities (ILS) fund management operations in the market, were stable at $7.2 billion and its parent Markel Group reported that revenues from entities managed by Nephila rose slightly in the quarter.The stabilisation of assets under management … Read more

By Brynne Ramella, Content Marketing Manager, ProNavigator — Technology is pushing the insurance industry forward. One such advancement is the Internet of Things (IoT). As NAIC says, IoT refers to a network of internet-connected devices transmitting, collecting, and sharing data. The software within these applications analyzes and sends data to cloud servers and large databases. … Read more

Television presenter and consumer champion Dominic Littlewood tells all about his TV career to Jason Plato and Dave Vitty in the latest episode of award-winning podcast Fuelling Around.  Littlewood has been involved in television for nearly 20 years and is best known for presenting shows on BBC and Channel 5 such as Cowboy Builders, Don’t … Read more

School’s officially out for summer break. Although the time away from homework, tests, extracurricular activities, and high school hallway drama can be a welcome reprieve, it may not be long before the lack of structure causes your teen to become bored and unmotivated. Consider this an opportunity: A summer job can alleviate boredom, and the … Read more

20th August is a day observed globally as World Mosquito Day to reflect and spread awareness on this pesky yet deadly creature. This tiny winged creature has annoyed humans for ages and has been the transmitter of many diseases causing woe to humankind. On this World Mosquito Day, let us learn more about this creature … Read more

Cyber threats are evolving rapidly and increasing in frequency. It is critical for law firms to protect themselves and their clients’ sensitive information from potential cyber-attacks. According to CISA, 47% of American adults have had their personal information exposed by cybercriminals. This means that every law firm owner, managing partner, and firm administrator needs to … Read more

By Loretta L. Worters, Vice President, Media Relations, Triple-I Fire historically has been the main risk associated with the peril of lightning strikes. But as urban density increases and society’s dependence on electrical and electronic devices rises, lightning damage can be far more significant than the average home or business owners realizes. According to a … Read more

This post is part of a series sponsored by AgentSync. Michigan’s Clean Slate package is now fully in effect. While the laws aim to give dignity to individuals with difficult legal histories, they’ll undoubtedly cause headaches for compliance departments tasked with overseeing onboarding and ongoing compliance for insurance producers, variable lines brokers, or adjusters. What … Read more